Why Facebook Stock Was Slipping Today
Shares of Facebook (NASDAQ: FB) were down modestly today after the social media giant was slapped with a $267 million fine by an Irish regulatory agency. Additionally, Instagram was experiencing an outage this morning, though the fine seems to be the main reason for the dip.
As of 2:49 p.m. EDT, the stock was down 1.8%, wiping nearly $20 billion off of its market cap.
Image source: Facebook.
Source Fool.com
